Greece

The yield on Greece's bonds have tumbled the most since June after creditors agreed on Monday to resume talks in Athens over steps needed to continue a bailout of the nation, driving expectations that Greece will be able to meet its deadline for debt redemption by July.

As The FT reports, bailout monitors are now due to return to Greece following a meeting of finance ministers and IMF officials in Brussels yesterday, where creditors claimed a partial breakthrough in talks.

Submitted by Mike Shedlock via MishTalk.com,

In response to Blinded by Hate, I received an email from Tuomas Malinen, Vice-Chairman of EuroThinkTank regarding the fate of the euro.

Hi Mish,

Thank you for an excellent blog. I’ve been an enthusiastic reader for years.

 

European, Asian stocks declined, halting a global rally that sent U.S. stocks surging to new all time highs faltered, weighing on the S&P although the index rebounded modestly after a kneejerk announcement lower overnight after Trump's National Security Advisor announced his unexpected resignation.

Submitted by Milton Ezrati via The Strategic Culture Foundation,

Submitted by Raul Ilargi Meijer via The Automatic Earth blog,

Earlier this week I was talking in Athens to a guy from Holland, who incidentally with a group of friends runs a great project on Lesbos taking care of some 1000 refugees in one of the camps there. But that’s another topic for another day. I was wondering in our conversation how it is possible that, as we both painfully acknowledged, people in Holland and Germany don’t know what has really happened in the Greek debt crisis. Or, rather, don’t know how it started.